Menu

NATO Secretary General Proposes Creating $100 Billion Fund for Ukraine's Armament

By
Photo: NATO Secretary General Proposes Creating $100 Billion Fund for Ukraine's Armament. Source: NATO
Photo: NATO Secretary General Proposes Creating $100 Billion Fund for Ukraine's Armament. Source: NATO

NATO Secretary General Jens Stoltenberg has proposed creating a $100 billion fund for military support to Ukraine over five years. This fund is intended to be part of an aid package that Alliance leaders plan to sign in July in Washington, according to Bloomberg.

Members of NATO are currently discussing this proposal and mechanisms for accounting contributions. Specifically, there is debate over whether to include in this sum the aid that countries provide directly to Ukraine in a bilateral format.

Additionally, within this package, NATO is considering taking on operational responsibilities for Ukraine's Defence Contact Group under the "Ramstein" format, which coordinates arms shipments to Ukraine from around 50 countries. This decision aims to shield the Contact Group from potential political changes following the U.S. presidential elections in November, sources noted.

It's worth mentioning that the possibility of Donald Trump returning to the presidency has spurred discussions among allies about what Europe should do to maintain U.S. contributions to transatlantic security. This has also raised concerns among European officials that Trump may withdraw American aid to Ukraine, given his comments about ending the war in a day.

If allies support Stoltenberg's proposal, it would signify a shift in the military alliance's paradigm, which previously distanced itself from such efforts to avoid potential entanglement in a broader war with Russia, towards more active support for Ukraine.

At the same time, NATO's institutionalized support may indicate long-term backing for Ukraine at a time when Russian President Vladimir Putin is betting on outlasting support from Kyiv's allies.

Discussions on allocating a $100 billion package for Ukraine's military support are taking place as NATO foreign ministers meet in Brussels on Wednesday and Thursday to celebrate the Alliance's 75th anniversary, marked on April 4th. Apart from supporting Ukraine, ministers are likely to discuss who will succeed Stoltenberg when his term ends in October.



Recommended

Economics

EU Sanctions Against Russia Accelerate Slightly

06.25.2024 09:51
Culture

The Hero with Two Hundred Faces

06.24.2024 16:15
Politics

Elections in Near Darkness

06.24.2024 09:57
Economics

Sanction Me If You Can

06.21.2024 15:56
Politics

"Agents" of Faith

06.21.2024 13:58

Similar articles

We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them. Cookie Policy

Outdated Browser
Для комфортної роботи в Мережі потрібен сучасний браузер. Тут можна знайти останні версії.
Outdated Browser
Цей сайт призначений для комп'ютерів, але
ви можете вільно користуватися ним.
67.15%
людей використовує
цей браузер
Google Chrome
Доступно для
  • Windows
  • Mac OS
  • Linux
9.6%
людей використовує
цей браузер
Mozilla Firefox
Доступно для
  • Windows
  • Mac OS
  • Linux
4.5%
людей використовує
цей браузер
Microsoft Edge
Доступно для
  • Windows
  • Mac OS
3.15%
людей використовує
цей браузер
Доступно для
  • Windows
  • Mac OS
  • Linux